Call us today on 0800 470 0430

12 November 2024

Assetz Capital brings to market 24 hour credit decisioning on development finance deals.

The leading SME property finance funder now offers 24 hours credit decision making.

Tim Harper - Chief Credit Officer.
Tim Harper – Chief Credit Officer.

Assetz Capital, a leading funder in the SME residential development market, recently announced a significant milestone with the launch of its new 9.35% development finance rate, aimed at providing house builders, brokers, and landowners with a fast reliable financing solution up to 70% LTGDV UK wide.

Credit decisioning is now also available within 24 hours on straight forward transactions – which aims to provide trusted, consistent financing in an increasingly cautious market, where risk management is paramount.

Tim Harper, Chief Credit Officer at Assetz Capital, commented, “In today’s market, it’s crucial that developers and brokers know they can rely on firm credit decisions. Our priority is working with trusted SME developers who have a strong track record in liquid sales markets, and we stand behind our terms as long as the project’s core metrics remain stable. We believe that certainty and transparency in the lending process are more important than ever given the economic climate.”

Recent market conditions have created both opportunities and challenges for the property sector. As developers take on more ambitious projects or expand their existing portfolios, the ability to secure finance quickly, while ensuring that risks are appropriately managed, has become increasingly critical. Assetz Capital’s track record, with almost £2bn deployed in UK property development since its inception, underlines its commitment to balancing rapid funding with responsible lending.

“Having funded close to £2bn of property transactions across the UK, we are very aware of the risks that come with property development, particularly as the market faces potential economic headwinds,” Harper added. “Our approach is to provide competitive financing with speed, but also with initial careful scrutiny to ensure that we are supporting sustainable and profitable projects in areas of need. Our ability to deliver faster than a Challenger Bank while maintaining a rigorous risk assessment process is what sets us apart.”

“We’re eager to hear from brokers and developers with strong credentials,” Harper concluded. “Whether it’s supporting the expansion of existing schemes or helping landowners unlock new potential, our ability to offer fast, firm decisions, backed by our expertise in risk management, makes us a dependable partner for future growth.”

Earlier this year Assetz launched an enhanced initial day 1 funding for development finance schemes up to 70% LTGDV. This strategic initiative provides housebuilders with the cash injection at the start of the project.

This recent activity follows a period of significant lending growth for Assetz Capital and the company’s next milestone is to exceed £2bn in funding with support of five key organisations, providing deep funding lines to continue the ambitious growing plans of the business.

If you have a development project that needs financing, then why not give our New Business Team a call on 0800 470 0430? Or simply complete the form below and one of our experts will get straight back to you.